Description: Discussion of interest rates and investments. The forum looked at the outlook for interest rates on life insurance funds, new developments for the investment of life insurance funds, common stock investments, inflation, and the nature and extent of the valuation problem created by direct investment private placement.

Description: The insurance reserve for an individual contract can be pictured as a quantity which changes continuously from moment to moment in response to the forces of interest and mortality. A different mathematical model arises for each method of defining the death benefit, and in this paper a number of such mathematical models are analyzed. Followed by discussion papers submitted by several authors

Description: Section 818c of the Life Insurance Company Income Tax Act of 1959 provides, for companies holding other than net level premium reserves, a choice of two methods: exact revaluation or approximate revaluation to this basis. This paper discusses the impact of the choice on the level of a company's tax reserves. A discussion paper follows.

Description: This paper describes a typical consumer credit transaction, shows how the rule of 78 works, identifies its degree of accuracy, and discusses issues raised by its use, including federal truth-in-lending implications. Followed by several discussion papers submitted

Description: A discussion of the mortality experience of many countries which demonstrates a dip/decline in mortality rates by age during the period from age 20 to 29. Consideration is then given to the causes of the phenomenon under review.

Description: The objective of this paper is to demonstrate that the long-term trends in the rate of company expansion affect policyholder costs and estimate the amount of the impact. Followed by several discussion papers submitted

Description: This paper develops a tool that may be useful in explaining the differences between earnings that are reported under GAAP and profits that are expressed as an internal rate of return.

Description: This discussion reviews underwriting and the possibilities of using extra premiums as an alternative to a war clause. Also a discussion of the experience of Great Britain and other countries with war deaths of 1 military personnel and 2 civilians and how this experience might be used to anticipate the extent of possible civilian war catastrophes and their effect on life insurance companies in United States and Canada. This panel further explores problems arising in connection with aviation risks as well as with the underwriting of war correspondents, Red Cross workers, members of the Merchant Marine and other auxiliary services.

Description: These were discussion papers on the paper, 'The Korean War Hazard' by James T. Phillips.

Description: This paper shows how net costs of virtually all life insurance contracts may be compared, using, for each contract, the ratio of two interest-adjusted cost indexes denoted as Interest Adjusted Cost indexes. The paper includes a discussion of how the relative cost of early termination of the contract may best be shown to the buyer. Followed by discussion papers submitted by various authors